Grieg harvest and earnings up but Shetland struggles

(05/15/19)

Salmon farmer Grieg Seafood has reported positive results for the first quarter of 2019, with a harvest volume of 14,800 tonnes – up 30% compared to the same period last year – and operating profit (EBIT) of NOK267 million (£23.6m), up from NOK162m in Q1 2018.

The news was more mixed for Grieg Seafood Shetland (GSS), which increased its harvest by 49% to 1,788 tonnes in Q1 2019 compared to the same period in 2018 but made a loss of NOK24.9 million (£2.2m) because of reduced survival caused by gill-related diseases and winter ulcers.

In its Q1 2019 report, Norwegian-owned Grieg Seafood said the Shetland operation’s in-sea survival rate of...........................................................


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